Centre for Policy Studies

Aug 7, 2023 | cps.org.uk | Dillon Smith

Although introduced with the best intentions, the Energy Price Cap (EPC) has gone far beyond its intended purpose and is actively harming competition The EPC was originally brought in as a time-limited intervention to protect a specific group of customers from price-gouging The recent energy crisis has meant it now functions not as a price cap, but as the de facto price for almost every consumer, covering 29 million households Ofgem has also introduced policies which actively disincentive...